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Property profile & analytics
OFF-MARKET
Commercial real estate

209 Sanford Rd Wells, ME 04090-5543

2,877 SF 0.98 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US42-0308537
Property summary
AI-generated overview

This exceptional mixed-use property in Wells, Maine, presents a compelling investment opportunity. Located at 209 Sanford Rd, this 7,126 square foot building sits on a 0.975-acre lot, offering high visibility and convenient access to the Maine Turnpike. The property boasts a diverse tenant mix, including three separate tenants across four units. The ground floor comprises retail space and a commercial garage, while the second floor features two three-bedroom apartments. Built in 1988, the two-story building is well-maintained and features public water and sewer, four 100-amp meters, and ample parking for 20 vehicles. The property generates a substantial net operating income (NOI) of $110,000, making it an attractive owner-user or investment opportunity. This multi-tenant property offers a modified lease structure and is currently operating at full occupancy. The asking price is $1,395,000. This is a rare opportunity to acquire a versatile and profitable commercial property in a desirable Maine location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 2,877 SF
Lot 0.98 ac (42,480 SF)
Zoning code RC
APN WLLS M:134 L:26
UPID US42-0308537
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Archie's Off Road & Auto Repair Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
New Beginnings Realty LLC · 3 yrs held
New Beginnings Realty LLC
since 2023
Last sale
$1.3M
4 recorded transactions
2023
$1.3M
2013
Price N/A
2013
Price N/A
2007
Price N/A
Zoning & alternative use
RC · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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